Vietnam: EPC, Licensing and Commissioning Long Son Petrochemicals Awards ‘Large Contract’ to Technip FMC for Developing Olefins Plant
The mega project is expected to meet the growing demand for petrochemical products in Vietnam and once complete, the plant will be producing olefins of up to 1.6 million tonnes per year.
London/UK – Technip FMC has recently been awarded a large contract by Long Son Petrochemicals Co. for the licensing, engineering, procurement, construction, commissioning and start-up of Vietnam’s first olefins plant on Long Son Island, Ba Ria-Vung Tau province, Vietnam. The firm states that its ‘large’ contracts range between 500 million dollars and 1 billion dollars.
Designed as a flexible feed cracker, the olefins plant can utilise both naphtha and LPG feeds to produce olefins of up to 1.6 million tonnes per year depending on the feedstock mix. The olefins will help meet Vietnam’s rising demand for petrochemical products. The plant will also include proprietary licensed units and will be based on Technip FMC’s proprietary ethylene technology.
Technip FMC is executing the project in a consortium with SK Engineering & Construction Co. of South Korea. Technip is the leader of the consortium and, as a global company, will execute all engineering, as well as the procurement of critical equipment from its operating centers located in Houston, USA, Rome, Italy and Kuala Lumpur, Malaysia.
The contract adds on to the remarkable list of the firm’s references of onshore achievements in Vietnam, in particular the country’s very first oil refinery, the Dung Quất Refinery and the Phu My Fertiliser Complex.